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1  Economy / Service Discussion / getting USD out of mt gox.... best approach on: November 09, 2013, 07:40:02 AM
Hi,

I have some USD in my account at MtGox. I would like to get the USD into my hands, either cash or deposited in my US bank account.

From the MtGox website, it is not clear if they are still doing international wire transfers. If they are, anyone have recent experience that they can share?

I would also consider converting the USD to BTC and then transferring out to another vendor, then BTC->USD and finally USD->me. This method has two problems, 1 the current instability in BTC/USD exchange rate, and 2 the associated conversion fees.

Are there any other options? Does the MtGox redeem code system still exist? is that safe to trade?

If there are approaches best suited for different dollar amounts, then please include approx what amount is appropriate for the given method. I.e fixed based fees better for high value, percent fees better for low value.

And, lets say I go ahead and convert some of the USD to BTC. Then what is my best option for obtaining USD (in my bank/hands)? localbitcoin? bitcoin brokers?


Thanks.

2  Other / Beginners & Help / Tradehill / Jared Kenna refusing to return account balance on: June 28, 2013, 03:33:33 AM
Hello,

I wanted to provide a warning to the BTC community, particularly those on the fence about trusting Tradehill, for a second time. After nearly two months of waiting for my account balance, Tradehill continues to refuse to return my funds held by the first Tradehill business.

Here is a brief summary of the what happened. When Tradehill went "bust" a few dozen BTC were in my account. A few months ago I come back to the forum and read that Tradehill has resumed operations. Jared posted on Twitter instructions to recover account balances. Using that information, I contacted Tradehill at the end of March and by the end of April Jared finally responded to me directly. He confirmed the account balance and requested a BTC address for returning my balance. I sent him the address and have never heard back. I have been sending him an email once a week for the last two months, patiently waiting for my account balance to be returned.


Although this is my first post I was previously a relatively active in the bitcoin community a couple years ago. I was one of the first users of the MtGox and Tradehill APIs and was even providing feedback to the API developers. Please heed my advice and use caution if considering business with Tradehill or Jared Kenna.

And Jared, if you do ever return my account balance, I will update this thread accordingly.
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